Lovesac Board Authorizes Repurchase Of Up To Additional $40M Of Its Outstanding Common Stock, Expanding Existing Share Repurchase Program To ~$54.1M

Lovesac Company (NASDAQ: LOVE) has authorized an additional $40 million for its share repurchase program, increasing the total to approximately $54.1 million. The repurchase will be funded through existing cash and future free cash flow, with management determining the timing and method of repurchases based on market conditions. The company may execute these repurchases through various means, including open market purchases and privately negotiated transactions.